The Ghanaian Chronicle

Government assets in U.S. risk seizure

In a banner headline story, the Ghanaian Chronicle reports that a Washington D.C. District Court is expected (today), to hear a suit filed by the American majority shareholder in Delta Foods Limited, seeking to enforce the judgement of Ghanaian courts to sell the assets of the Ghana government in the United States, to pay for the $10 million (about 30 billion cedis) worth of maize (including interest), it bought from the food company.

The paper which was quoting lawyers representing Delta, says the Ghana government, is simultaneously, seeking in an Accra High Court, to quash the judgement on the grounds that the maize sale and purchase contract was vitiated by fraud and false representation by Delta Foods.

According to the Chronicle, a writ to this effect was filed on April 15, this year, by the Attorney-General with an attached affidavit by the Solicitor-General. The paper surmises that if Ghana loses the case in Washington D.C., assets likely to be seized include Ghana Airways planes.